"The Coming Tech-led Boom" by Mark P. Mills and Julio M. Ottino

Posted by Keith Severson on Mar 18, 2015

Publishers Note: From time to time, Graniterock publishes in RockBlog and Construction Update, articles from guest authors to provide information that our customers and readers may find helpful. Our publication of guest articles is not in any way an endorsement of any product or service the author may describe or provide, or of the content of the article. The guest author is solely responsible for the content, opinions and recommendations contained in the article.
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More On the Economy...

Posted by Bruce W. Woolpert on Mar 18, 2015

The newspapers and politicians had a lot to say over the weekend about the disappointing hiring report for May. Only 69,000 jobs were created in May causing the unemployment rate to increase to 8.2% from 8.1%. The unemployment rate also went up because 642,000 Americans resumed their job search. The unemployment data confirms a downshift in hiring that began in May. A net of just 69,000 jobs added in May falls well short of what is required to support a self-sustaining recovery. Both the March and April job reports were weak.
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More on the Economy - Construction Added Jobs

Posted by Bruce W. Woolpert on Mar 18, 2015

The U. S. Economy added 243,000 jobs in January – the fastest rate since April, 2011. The increase appears to be a solid one based on economic information collected in government surveys. The official government unemployment rate declined from 8.5% to 8.3%. Manufacturing added 50,000 jobs and 21,000 new jobs were added to construction. In a separate household survey, a huge 847,000 increase in employment for January was found. It takes some months for employment data to shake-out but all point to a continued recovery with lowered danger of a double-dip recession. A better job outlook may encourage disappointed job seekers to return to the job market pushing up the unemployment rate.
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More Economic News...

Posted by Bruce W. Woolpert on Mar 18, 2015

Economists were pleased with the report that the Gross Domestic Product (GDP) rose 2.5% in the Third Quarter. The report allayed at least for now concerns that the economy is sliding toward recession. The economy grew a paltry 0.4% in the First Quarter and 1.3% in the Second Quarter.
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